WINTON GROUP Ltd Has $1.36 Million Holdings in Trex Company, Inc. (NYSE:TREX)

WINTON GROUP Ltd boosted its stake in Trex Company, Inc. (NYSE:TREX) by 176.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,279 shares of the construction company’s stock after buying an additional 11,671 shares during the quarter. WINTON GROUP Ltd’s holdings in Trex were worth $1,355,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in Trex during the 1st quarter worth about $26,000. V Square Quantitative Management LLC bought a new stake in Trex in the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. raised its stake in Trex by 1,744.4% during the 1st quarter. Sunbelt Securities Inc. now owns 332 shares of the construction company’s stock worth $33,000 after buying an additional 314 shares during the period. Rise Advisors LLC raised its position in shares of Trex by 305.0% during the first quarter. Rise Advisors LLC now owns 405 shares of the construction company’s stock worth $40,000 after purchasing an additional 305 shares during the period. Finally, Hantz Financial Services Inc. bought a new position in shares of Trex during the 2nd quarter valued at about $31,000. 95.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on TREX shares. Citigroup lowered their target price on Trex from $94.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Bank of America lowered their target price on Trex from $97.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. B. Riley cut their price target on Trex from $107.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Loop Capital downgraded Trex from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $95.00 to $75.00 in a report on Wednesday, August 7th. Finally, Robert W. Baird cut their target price on Trex from $88.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $80.88.

Trex Price Performance

Trex stock opened at $66.10 on Monday. The company’s 50-day moving average is $70.38 and its 200-day moving average is $82.35. The firm has a market capitalization of $7.18 billion, a PE ratio of 28.37, a P/E/G ratio of 2.18 and a beta of 1.50. Trex Company, Inc. has a fifty-two week low of $53.59 and a fifty-two week high of $101.91.

Trex (NYSE:TREX) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $376.47 million for the quarter, compared to analyst estimates of $387.87 million. Trex had a return on equity of 33.53% and a net margin of 21.07%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. As a group, analysts expect that Trex Company, Inc. will post 2.03 EPS for the current year.

Trex Profile

Trex Company, Inc manufactures and distributes composite decking, railing, and outdoor living products and accessories for residential and commercial markets in the United States. It offers decking products and accessories under the names Trex Transcend, Trex Select, Trex Signature, Trex Transcend Lineage, and Trex Enhance for protection against fading, staining, mold, and scratching; Trex Hideaway, a hidden fastening system; and Trex DeckLighting, a LED dimmable deck lighting for use on posts, floors, and steps.